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PLUS: AUTO RACING; Speedway to Study The Meadowlands

International Speedway said it would conduct a yearlong study to determine whether to build a racetrack at the Meadowlands in East Rutherford, N.J.

International Speedway and Speedway Motorsports, the two largest owners of racetracks in the United States, have already spent more than a year searching for a location close to New York City for a speedway.

Building a track in the nation's No. 1 news media market is vital to Nascar's continued growth, analysts said.

''From an eyeball standpoint and a presence standpoint,'' it's very important, said Bob DeLean, an analyst with Morgan Keegan & Company.

In December, International Speedway and the developer Donald Trump contacted the state-controlled Meadowlands Sports Complex in New Jersey about using the site for their first expansion into the Northeast. International Speedway agreed to the feasibility study with the New Jersey Sports and Exposition Authority.

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A version of this article appears in print on January 15, 2000, on Page D00005 of the National edition with the headline: PLUS: AUTO RACING; Speedway to Study The Meadowlands. Order Reprints|Today's Paper|Subscribe